Bitcoin May Be Coming to PayPal

eBay (EBAY) is considering using Bitcoin as an alternative form of payment through PayPal.

PayPalCEO John Donahoe spoke on the subject during a shareholders meeting on Tuesday, saying that the crypto-currency could have a future in PayPal wallets. “In fact, PayPal is pursuing digital payments and is the leading digital payments alternative in many different environments,” Donahoe said.

There are several retailers including Lord & Taylor that are starting to implement Bitcoin as a form of payment in stores. However, adding the digital currency as a form of payment on PayPal could be complicated considering the volatile nature of Bitcoin.

EBAY stock is up about 1.25% Friday.

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Article printed from InvestorPlace Media, https://investorplace.com/2014/05/bitcoin-paypal-ebay/.

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